Al Kathiri Holding Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )
02/05/2024 16:10:33
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al Kathiri Holding Company is pleased to invite the honorable shareholders to attend the ordinary general assembly meeting (the first meeting), which is scheduled to be held, God willing, at 6:30 pm on Sunday 18-11- 1445 AH corresponding to 26-05- 2024 AD- through modern technology means |
| City and Location of the General Assembly’s Meeting | The company’s main headquarters – 3158 Green Offices – Prince Yazid bin Abdullah bin Abdul Rahman Road Al-Malqa district in Riyadh – Only through modern technology means. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly’s Meeting | 2024-05-26 Corresponding to 1445-11-18 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly’s Meeting | The Ordinary General Assembly shall not be held unless attended by shareholders owning at least one-fourth of the share capital. If such quorum is not present, a second meeting shall be held after a lapse of an hour from the preceding meeting. The second meeting shall be deemed valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1 – Review and discuss the Board of Directors Annual Report for the fiscal year ended on 31-12-2023.2 – Review and discuss the Company’s Financial Statements for the fiscal year ended on 31-12-2023.3- Voting on the External Auditors Report for the fiscal year ended 31-12-2023, after discussing it.4 – Voting on appointing an external auditor for the Company among the nominees based on the recommendation of the Audit Committee, to review and audit the Company’s quarterly and annual financial statements for the second, third and annual periods of financial year 2024. In addition, the first quarter of financial year 2025, and determine their fees.5 – Voting on transaction and contracts that will take place between Msandh Al-Emdad Limited Company a subsidiary and owned by the parent company (Al Kathiri Holding Company), and Alian Industry Company, in which the two members of the Board of Directors (Mr. Meshal Al Kathiri and Mr. Khaled Alkhayyal) have a direct interest, noting that the transactions that took place on the period ending on 31-12-2023 amounted to 17.749,546 S.R. The disclosed direct interest is regarding mutual procurements and commercial transactions as part of the ordinary businesses that have offered no preferential. (attached).6- Voting on transaction and contracts that will take place between The Company and Alian Industry Company – in which the two members of the Board of Directors (Mr. Meshal Al Kathiri and Mr. Khaled Alkhayyal) have a direct interest, – noting that the transactions took place during the fiscal year Ended on December 31, 2023 are in the amount of 20,562,769 S.R – which are normal transactions that take place between the company and its subsidiary as part of the ordinary businesses that have offered no preferential.(attached).7 – Voting on authorize the Board of Directors with the Shareholders General Assembly authority with the rights mentioned in paragraph (1) of Article (27) of the Companies Law for one year from the date of approval of the Shareholders General Assembly or until the end of the session of the authorized the Board of Directors, whichever is earlier, in accordance with the conditions mentioned in the executive regulation of the Companies Law for Listed Joint Stock Companies. |
| Proxy Form | Click Here |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss matters listed in the agenda of the General Assembly and raise relevant questions to the Board members, noting that the voting is free of charge for all Shareholders via: http://tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | All shareholders who are registered on Tadawulaty will be able to remotely vote on the GA agenda items, which shall commence at 01:00 A.M on Thursday 14-11-1445 (corresponding to 22-05-2024) and continue until the end of the GA. The registration and voting in Tadawulaty services will be available for all shareholders free of charge through the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In event there are any inquiries, please contact the Investor Relations Department through (Phone: 0114167900 or the unified number 920004192 Ext. No. 104 – Fax: 0114167909 Ext. No. 106) E-mail ir@alkathiriholding.com |
| Attached Documents | Click Here |